- What does PRSNX invest in?
- This fund's main objective is to generate significant current income, with a secondary goal of achieving some capital growth. Its core strategy involves allocating at least 80% of its net assets, including any borrowed funds used for investment, to bonds. To help achieve its income and growth targets, the fund maintains a diversified portfolio of holdings. A substantial portion of the fund, typically at least 40% of its net assets, will be invested in securities issued by non-U.S. governments or companies, or by companies that conduct a significant amount of business outside the United States. However, this international allocation may be reduced to a minimum of 30% if the investment adviser deems foreign market conditions to be unfavorable.
- What is the expense ratio of PRSNX?
- T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRSNX's dividend yield?
- PRSNX's trailing-twelve-month yield is 5.59%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRSNX?
- Effective duration measures PRSNX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRSNX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRSNX?
- PRSNX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRSNX?
- Yield to maturity (YTM) is the total return you'd earn from PRSNX if every bond in the portfolio is held to maturity at the current price. PRSNX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
